Three weeks into the month of May 2022, trading on the Lusaka Stock Exchange. In the battle of opposites yet again the bond market dominated the equities market recording a 100% although there were on two days that recorded trades on the bond market, it still held its glory, In regards to the equities market, Investrust Bank Plc recorded the highest turnover throughout the week.
Week three of May 2021, is a complete replica of week three 2022.
Equity Market
In the week ended 20th May 2022, a total of 115,704 shares were transacted in 478 trades, yielding a market turnover of K415,198. Trading activity was recorded in AIRTEL, BATA, BRITISH AMERICAN TOBACCO ZAMBIA, COPPERBELT ENERGY CORPORATION, CHILANGA CEMENT, INVESTRUST, PAMDOZI, PUMA, STANDARD CHARTERED ZAMBIA, ZAMBIAN BREWERIES, ZAMBIA CONSOLIDATED COPPER MINES, ZAMBEEF, ZANACO, ZAMBIA SUGAR and CEC AFRICA on the quoted tier. The LuSE All Share Index (LASI) closed at 6,786.85 points. The market closed on a capitalization of K70,473,502,698 including Shoprite Holdings and K35,690,817,258 excluding Shoprite Holdings.
Bond Market
Bonds of total face value of K167,909,000 were transacted in 15 trades, resulting in a market value sales of K107,770,130.
Week one remains the best performing week of the month thus far.
IMPORTANAT ANNOUNCEMENTS
In accordance with the Lusaka Stock Exchange (“LuSE”) Listings Requirements, the Board of Directors of
Zambia Sugar PLC (“the Company”) hereby advises the Shareholders of the Company that the Earnings per
Share for the six-month period ended 28 February 2022 is expected to be approximately 138.08 ngwee
per share compared to 183.01 ngwee for the six-month period ended 28 February 2021.
The 24% change in earnings is attributable to an increase in costs, lower production and a reduction in
export revenue following lower sales into the regional export markets.
STANDARD CHARTERED BANK ZAMBIA PLC
In accordance with Section 3.59(a) of the Lusaka Securities Exchange Listings Rules (“LuSE Listings Rules”), the Board of Directors (the “Board”) of Standard Chartered Bank Zambia PLC (“SCB” or the “Bank”) wishes to announce that Mr. Herman Kasekende, the current Managing Director and Chief Executive Officer of Standard Chartered Bank Zambia Plc will be leaving Zambia after over five years of dedicated service. Herman will be relocating to Tanzania at the end of May 2022 in the same position. The Board is pleased to advise that it has appointed Mr. Sonny Zulu as Managing Director and Chief Executive Officer of Standard Chartered Bank Zambia Plc effective 1st July 2022. Mr Kelvin Bwalya – Executive Director Finance and Administration will be acting as Managing Director and Chief Executive Officer of Standard Chartered Bank Zambia Plc in the interim.